Election keeps confidence below average
Queensland budget: farmers welcome increased drought support but say more money is needed for biosecurity
Queensland budget: farmers welcome increased drought support but say more money is needed for biosecurity Posted June 14, 2016 18:24:43 Rural lobby group AgForce says the short-term positives of the 2016-17 Queensland budget could be overshadowed by poor policy decisions.Treasurer Curtis Pitt has handed down the Palaszczuk Government's second budget, with total spending to exceed $52 billion next financial year.Of that, $453.9 million has been allocated to the Departm..>> view originalFund managers grow more worried over Brexit chances
England fans gathered in Marseille on Saturday ahead of their Euro 2016 draw with Russia. Carl Court Mounting support for Britain to leave the European Union has struck financial markets around the world, including Australia, where shares were sold off on concerns that a vote for Brexit will bring into question the entire European project.The S&P/ASX 200 Index fell more than 100 points on Tuesday to 5203.3 points and the British pound dropped f..>> view originalMicrosoft professional cloud meets LinkedIn professional network
The LinkeIn logo appears on a screen at the post where it trades on the floor of the New York Stock Exchange, Monday, June 13, 2016. In a surprise move, Microsoft said Monday that it is buying professional networking service site LinkedIn for about $US26.2 billion. Richard Drew by Nick Wingfield Microsoft has made its most ambitious move in years to reassert itself in a technology market it once dominated.The softwa..>> view originalIMF warns China it must reform
China is struggling to ride through a down point in its growth. Photo: Peter Solness Beijing: China's economy must address soaring levels of debt and speed up reforms in its financial sector in order to avoid "serious problems down the road", the International Monetary Fund has warned.Speaking in Beijing at the conclusion of a two-week visit encompassing meetings with high-level Communist Party officials, David Lipton, the IMF's first deputy managing directo..>> view originalMesoblast dives 42pc after partner Teva withdraws from heart failure trials
Mesoblast chief executive Silviu Itescu. Josh Robenstone by Jessica Gardner and James Thomson Mesoblast chief executive Silviu Itescu says criticism that the stem cell therapy developer should have pursued a more targeted commercialisation strategy ignores demand from big drug companies to back "platforms" of drug therapies that can be used in the treatment of multiple diseases, rather than single products.The biote..>> view originalForeign investors to boost NSW coffers
By Stefanie Menezes and Angelo RissoAAPNSW will soon become the third state in Australia to slap higher taxes on foreign investors looking to buy residential property.But it's expected the new surcharges on stamp duty and land tax won't deter overseas buyers, Treasurer Gladys Berejiklian says.Foreign investors will pay an additional four per cent stamp duty surcharge on their purchases from budget day on June 21.They'll also face an extra 0.75 per cent land tax surcharge on residential real esta..>> view originalVirgin stake sale to trigger Chinese interest in Qantas
Chinese airlines may have a Qantas stake in their sights, after the Virgin deal. Glenn Hunt The flood of Chinese tourists into Australia has been accompanied by a growing appetite for the nation's property, food, wine, and other products. Airlines are now on China Inc's radar as state-owned enterprises and private investors seek to cash in on the potential tourism dollars.This was highlighted last week when Chinese conglomerate Nanshan Group e..>> view originalBrexit, US rates fears hammer Aust shares
The Australian share market has fallen nearly two per cent to a seven-week low, wiping out $27 billion in value, amid concerns about US interest rates and the Brexit vote.Investors dumped shares ahead of the US Federal Reserve's latest interest rate decision later this week and Britain's possible exit from the European Union next week, IG market strategist Evan Lucas said.The market was also playing catch-up on Tuesday following a three-day long weekend, Mr Lucas said, noting the Asian market wa..>> view originalWesfarmers' Homebase buy as 'compromising' as Woolworths' Masters foray: David Errington
Wesfarmers boss Richard Goyder earlier this year said the Homebase acquisition had been made with "eyes wide open". Photo: Philip Gostelow Wesfarmer's credit rating and generous dividend are at risk from its $705 million acquisition of UK hardware outfit Homebase, according to Bank of America Merrill Lynch analyst David Errington, who has compared it to Woolworths' disastrous foray into the home improvement sector.Mr Errington said the damage to investor retu..>> view original
Tuesday, June 14, 2016
Election keeps confidence below average and other top stories.
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